BlockBeats news, on November 15, Quincy Krosby, chief global strategist of LPL Financial Company, said that Federal Reserve Chairman Powell conveyed a message that the market did not want to hear, but this message was clearly reflected in the last CPI report, that is, the Federal Reserve It cannot yet declare victory in its campaign to curb inflation.
Various interpretations of the CPI report suggest that some believe the Fed may cut interest rates in December, while others warn that rising year-on-year inflation suggests that inflation’s downward trajectory is losing steam. While the last mile to price stability may be bumpy, Powell once again reminded markets that the Fed won’t implement the series of rate cuts they want unless the labor market deteriorates – which markets certainly don’t want. (Golden Ten)
